Here we have some very juicy looking signs for RDD.
On the daily chart, this lovely trend line was broken and is now tested, holding, AND acting as support, which is a really strong sign for the bulls in the market.
If you also look at the Moving Averages on the 1D, it looks like the 50 is closing back in and will cross back over the 200 - a sign called the ‘golden cross’ in traditional markets.
IF.... this cross happens WITH VOLUME to support a new rally, then we could be in for a very nice run up indeed.
Not trade advice, entries and exits already sent out for clients in your inboxes now.
Trade safe,
The Colonel xxx
On the daily chart, this lovely trend line was broken and is now tested, holding, AND acting as support, which is a really strong sign for the bulls in the market.
If you also look at the Moving Averages on the 1D, it looks like the 50 is closing back in and will cross back over the 200 - a sign called the ‘golden cross’ in traditional markets.
IF.... this cross happens WITH VOLUME to support a new rally, then we could be in for a very nice run up indeed.
Not trade advice, entries and exits already sent out for clients in your inboxes now.
Trade safe,
The Colonel xxx